The Jordan, Knauff & Company (JKC) Valve Stock Index was up 1 percent over the last 12 months, below the broader S&P 500 Index which was up 5.8 percent. The JKC Pump Stock Index was up 10.8 percent for the same time period.
The Institute for Supply Management‘s Purchasing Managers Index (PMI) registered 50.8 in October, a decrease of 0.8 compared to September's reading of 51.6. The New Orders Index increased to 52.4, 2.8 over September, indicating a return to growth after three months of contraction.